TrueLayer: Rolls out onboarding product powered by open banking APIs
- TrueLayer announces the launch of the UK’s first-ever automated onboarding product using open banking APIs
- The first in a new generation of services built using open banking technology
- Signup+ combines account creation with making a payment to streamline the signup process
- It uses bank-sourced data to verify a customer’s name, address, and date of birth in seconds to speed up KYC-compliant onboarding
- Funds are instantly available in the customer’s account so that they can get started using a service
- Businesses who have already signed up to use the product include Remitise, Tiger Brokers, PayItMonthly and StakeMate
